Friday, April 10, 2015

It will take a Village to Close Your Mortgage

It will take a Village to Close Your Mortgage
A Look at Mortgages In 2015, Home loan regulations will change in August:
 

The separate entities involved in the mortgage process needs to work together as a “village” to make a closing happen. Instead of letting the process undermine everyone’s hard work, it needs to be reconstructed into an automated and collaborative system. The mortgage industry needs to rethink the process of closing a home loan in 2015 — on a fundamental level. And it needs to be ready to use that new process by August. It will take a village. What would that look like?

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